Nu Skin Enterprises, Inc. announced first-quarter results with revenue of $543.3 million, within the company’s guided range, compared to $671.1 million in the prior-year period. Revenue in the quarter was negatively impacted 7 percent by foreign currency fluctuations.
Earnings per share for the quarter were $0.60, or $0.72 when excluding a $0.12 per-share charge related to a new currency exchange mechanism adopted by Venezuela in the first quarter. Earnings per share in the prior-year period were $0.90, which included a $0.15 per-share charge related to Venezuela currency.
“Our business continues to make good progress as we prepare to introduce a number of new products in the second half of the year,” said Truman Hunt, president and chief executive officer. “We are encouraged by growing enthusiasm among our sales force in advance of launching
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DubLi Appoints New Board Of Directors, Appoints Chairman, And New Name
by Tina Williams • • 0 Comments
DubLi, Inc. (otc pink:DUBL), a global Cashback rewards and value-based travel, shopping and entertainment platform, today announced the appointment of six new Directors and a new Chairman of the Board. The new appointments made by DubLi’s majority shareholder expand the Board to seven members, of which five will be independent Directors.
The new Board will be seated approximately 20 calendar days after mailing of information statement to all stockholders in accordance with SEC regulations. Also, the Company is changing its corporate name from DubLi, Inc. to Ominto, Inc.
“I am pleased to announce the appointment of a world class board of seasoned leaders to support our global business plans,” said Michael Hansen, DubLi’s President and Chief Executive Officer and majority shareholder. “The new board brings together highly complementary skill sets of strategic capital
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Medifast Q1 revenues down 7% to 73.4 million
by Ramya Chandrasekaran • • 0 Comments
Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, today reported financial results for the first quarter ended March 31, 2015.
For the first quarter, Medifast net revenue from continuing operations decreased 7% to $73.4 million from net revenue of $79.2 million in the first quarter of 2014.
“We are pleased to get off to a good start this year by exceeding our first quarter top and bottom line guidance,” said Michael C. MacDonald, Medifast Chairman and Chief Executive Officer. “We continue to execute well operationally while putting the plans in place to advance our three key strategic priorities; to grow and simplify Take Shape For Life, optimize Medifast Direct revenues and deliver product and program innovation. We are very focused on returning to a growth trajectory in 2015
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China’s Tiens Group makes $1.16 billion in 2014
by Ramya Chandrasekaran • • 0 Comments
Chinese Direct Selling giant Tiens Group is treating more than half of its 12,000 employees to a four-day holiday in France and has booked up 140 hotels in the capital Paris as part of the package.
Tiens Chairman Li Jinyuan is leading the 6,400 strong group which includes a mass visit to the Louvre museum and they are expected to spend 13 million euros (US$15 million) in total. The 57-year-old Li Jinyuan is listed on Forbes’ billionaires list.
In China, Tiens sells its products through some 100 branch offices and chain stores of affiliate Tianshi Engineering. Outside of China, it sells products through independent distributors through subsidiary Tianshi International and majority-owned Tiens Biotech Group USA Inc.
Tiens was ranked No.15 on the DSN Global 100 list with revenues of 1.16 billion in 2014.
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Jewery Co Silpada Expands into Accessories
by Ramya Chandrasekaran • • 0 Comments
Silpada, a leading jewelry direct sales company with a rich heritage of handcrafted designs, has announced the launch of it’s first-ever accessories collection this fall. Best known for its .925 Sterling Silver Collection and brass-based K & R Collection, Silpada is a family-owned business that strives to empower women through one-of-a-kind jewelry and unique opportunities for fashion entrepreneurship.
Beginning July 16, 2015, Silpada will expand its product portfolio by offering a variety of handbags, wallets and scarves.
“We’re thrilled to enter a new category and give women even more reasons to feel beautiful,” said Co-Chief Executive Officers Kelsey Perry and Ryane Delka. “The expansion into accessories is a natural fit that will help us achieve our goals of expanding Silpada’s reach and empowering more women to build lives they deserve.”
Inspired by world travels and global trends, Silpada’s 2015 Fall/Winter Collection tells the story of The New West and can be worn
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LifeVantage Q3 Revenues $43 Million
by Ramya Chandrasekaran • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its third quarter and nine months ended March 31, 2015.
Third Quarter Fiscal 2015 Highlights:
Revenue was $45 million compared to $55 million in the prior year period;
Revenue in the Americas increased by 1% compared to the prior year period;
Adjusted EBITDA was $3.3 million, compared to $5.7 million in the prior year period;
Identified annual cost structure savings of approximately $4 million.
Dave S. Manovich, Executive Vice Chairman of LifeVantage stated, “We are very pleased with our recently announced appointment of Darren Jensen as our next President and Chief Executive Officer. Throughout the transition to a new CEO, we have focused on taking the necessary steps to help us reignite top and bottom line growth. We have identified approximately $4 million in annual cost reductions. Approximately $1.3 million
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Mukesh Yadav From India Is NOT Working For Business For Home
by Ted Nuyten • • 0 Comments
2 year’s ago we have worked shortly with Mukesh Yadav from India to cover Direct Selling news for that market. However after a couple of weeks we were contacted by Indian Direct Selling companies that Mukesh Yadav was very harrishing and not professional at all.
Therefore we ended immidiately our freelance agreement with Mukesh Yadav, which is already 2 years ago.
According to several messages Mukesh still approach companies in India as “Business For Home reporter”. We have asked Mukesh Yadav several times to stop this, not using our name and content but the guy refuses to do so. This is the reason for this public article.
A recent message from a well known and respected Direct Selling leader stated:
“I am writing this note to you and I would like you to keep it
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AdvoCare’s Rick Loy Named To DSEF Board of Directors
by Ramya Chandrasekaran • • 0 Comments
AdvoCare International, LP (AdvoCare), a premier health and wellness company, today announced Rick Loy, Vice President of Sales and Field Development, has been selected to serve on the Direct Selling Education Foundation (DSEF) board of directors.
The DSEF is a non-profit organization aiming to educate the public on direct selling by promoting the industry’s commitment to ethics, consumer protection and self-regulation. The board consists of individuals who are corporate leaders within the industry, along with higher learning and consumer advocacy representatives.
“We are excited to have Rick join DSEF’s Board of Directors as we strive to increase awareness of how direct selling empowers individuals and strengthens economies,” said Gary Huggins, Executive Director of Direct Selling Education Foundation.
“Rick has long demonstrated support for the direct selling industry through his leadership at AdvoCare and we are confident
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Primerica Announces 2015 Q1 Up 6% To $343.9 Million
by Nicole Dunkley • • 0 Comments
Primerica, Inc. announced today financial results for the quarter ended March 31, 2015. Total revenues were $345.1 million in the first quarter of 2015 and net income was $43.4 million, or $0.82 per diluted share.
Operating revenues increased by 6% in the first quarter of 2015 to $343.9 million compared with $324.1 million in the year ago quarter primarily driven by solid Term Life performance that includes strong policy persistency, 9% growth in net premiums and a 13% growth in policies issued. Investment and Savings Products (ISP) continued to perform well in the first quarter with a 7% increase in sales and 7% growth in ending client asset values.
While revenue drivers were positive during the quarter, the timing of expense recognition for annual equity awards granted to retirement eligible employees led to a
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Amway Breaks Guiness Book Of World Records And Raises Malnutrition Awareness
by Tina Williams • • 0 Comments
When Amway™ asked for help in raising awareness about global childhood malnutrition through its Nutrilite™ Power of 5 Campaign, more than 260,000 people across the globe raised their hand to do just that. And they broke a GUINNESS WORLD RECORDS™ title in the process.
As a global leader in nutrition research, development and innovation, Amway paired its expertise from Nutrilite™, the world’s number one selling vitamins and dietary supplements brand*, with its passion for helping people live better lives. Amway™ last year launched the Nutrilite™ Power of 5 Campaign to expand the distribution of the Nutrilite™ Little Bits™ supplement. At the time, the micronutrient powder with 15 essential vitamins and minerals for children was being distributed in two countries through established programs run by Non-Governmental Organizations. It has since expanded to nine countries